Foreclosures

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Foreclosures and Short Sales!  Are they really the best value?  Maybe not.  Foreclosures and Short Sales aren’t always the best option when looking for homes on Hilton Head Island. We all want to enjoy seasidelivinghhi2Seaside Living HHI.  When looking at foreclosures, you need a keen Realtor to help you determine if they are in fact a better value than the other comparable listings.  Are the conditions terrible?  Will it be too expensive to fix the home? Are you saving money or would you rather be better off buying a home in good condition?  Will you have to wait 6-12 months to close and renovate before moving in?  Will you have to be paying rent to live elsewhere while renovating the foreclosed property?  Keep in mind it’s hard or near impossible to bundle the needed repairs of a foreclosure into a mortgage.  If the home has a major defect, such as bad roof or structural issues,  financing may be compromised.  Foreclosures and short sales aren’t for the novice.

However, if you’re savvy and have a knowledge of some aspects of construction, it may be an option. Together, we will do the research needed to determine the estimate of cost to get the property in a “live-in condition”.

 

foreclosures and Short Sales

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